Monthly Archives: January 2017

Court records show President Donald Trump’s lawyers in Miami have reached a tentative settlement with the business traveler whose bed bug wounds were reportedly so severe that he sued the Trump National Doral Miami golf resort.

Welts allegedly covered the man’s back, face, and arms after spending the night at the recently renovated resort.

A one-page report in the court documents filed by court-appointed mediator Frank Allocca states simply, “an agreement was reached.” No further details were reported, according to GossipExtra.

The New Jersey insurance executive Eric Linder, 63, whose March 2016 stay at the resort’s $300-a-night Jack Nicklaus-themed villa resulted in an express-care clinic visit, filed suit in late July.

Photos of his back and neck accompanied the filings. He also chose to leave behind several business suits at the Trump resort, for fear of harboring the bugs upon his return home, GossipExtra reported.

“I was deceived by Trump’s image,” Linder told the Miami Herald earlier this year. “It’s a 5-star resort where this shouldn’t happen. It was really traumatic.”

The owner of a recently completed spec home in Miami Beach is looking to flip the property after about a year for $22.95 million.

The Pine Tree Irrevocable Trust, controlled by Lisa A. Schneider, paid $19.48 million for the 11,500-square-foot mansion at 4395 Pine Tree Drive in December 2015, a record price for the high-end street. Schneider leads the trust and estates practice at Gunster. She declined to comment on owner’s identity.

Now, the Jills of Coldwell Banker are listing the eight-bedroom home, which was developed by Todd Glaser and Jarrett and Sean Posner. Jill Hertzberg and Jill Eber declined to comment on the owner’s identity, saying only that “they made a decision to move.”

The house, designed by Domo Design, sits on a nearly 1-acre lot and has 100 feet of water frontage. The property features a wood deck, tropical garden and pool, boat dock, and a driveway and motor court with space for about 15 cars. Completed in 2015, the home also has a gourmet kitchen with marble countertops and a walnut butcher block table, a media room, and Creston smart home features.

“Originally, Pine Tree Drive was the golden place to be,” Hertzberg said, referring to the nearly acre-sized waterfront lots between 41st Street and 49th Street.

Hertzberg said the owners wanted to price it to sell it. The Pine Tree Drive home is priced slightly higher than what the developers were asking in 2015. The current $22.95 million listing price breaks down to about nearly $2,000 per square foot.

Singer Island may soon get its third new condominium development in recent years.

The Riviera Beach City Planning and Zoning Board last week reviewed a proposed plan for a condo tower to be named the Singer Island Gateway, along the Intracoastal Waterway.

The 259,800-square-foot, eight-story project is planned for a 1.86-acre site at 2525 and 2429 Lake Drive, the South Florida Business Journal reported. It would have 135 mostly one- and two-bedroom units, a pool and amenity deck, as well as a renovated 16-slip marina that would be available for public lease. The project’s architect is Torti Gallas and Partners, and the project’s developer is Singer Island Gateway LLC, a company managed by Palm Beach resident and dentist Richard J. Lazzara.

The plans must now proceed to the Community Redevelopment Agency and city council, according to Jeff Gagnon, Riviera Beach Assistant Director of Community Development.

The property was acquired out of foreclosure in 2013, according to the developer’s application, and contains an old condo building damaged by hurricanes in 2004, according to the South Florida Business Journal. The application estimates construction cost at $55 million, and the eventual annual real estate taxes to the city at $600,000 to $650,000.

From the New York site: Move over, New York and San Francisco. Real estate company Redfin recently released its list of the hottest neighborhoods of 2017, and locales in city-adjacent towns such as Oakland, California, and Bellevue, Washington, dominated over their urban counterparts.

The ranking looked at neighborhoods that experts expect to become up-and-coming hotspots, and highlights a growing trend: Homebuyers want the amenities of both suburban and city life. They’re looking for big, renovated houses minus the price tag a place in the heart of a major city would bring.

“While many of 2017’s hottest neighborhoods come with longer commutes, Redfin agents say they offer homebuyers the best balance of everything: quick access to public transit, trendy shopping and dining options, plus larger move-in ready homes with charm and price tags that are a little easier to bear,” the report states.

To predict what will be the hottest neighborhoods of 2017, Redfin measured neighborhood growth by analyzing the number of pageviews from visitors to Redfin.com and the number of homes favorited by users on the site. Redfin also consulted local agents to confirm which areas are heating up in popularity.

From turn-of-the-century homes outside New Orleans to Silicon Valley-adjacent pads in Sunnyvale, California, read on to see the hottest neighborhoods for 2017.

10. Tremé – New Orleans

Median sale price: $199,200

Median number of days on the market: 261

Average sale-to-list percentage: 89.3%

Redfin agent Caren Morgan says:

“Tremé is definitely becoming an ‘it’ place in New Orleans. It’s right on the border of the French Quarter, but somewhat less expensive and historically not as trendy. The neighborhood boasts a lot of turn-of-the-century homes with beautiful architectural details, which are generally very popular, especially among out-of-state buyers.”

9. Greenfield – Aurora, Colorado

Median sale price: $455,000

Median number of days on the market: 42

Average sale-to-list percentage: 97.6%

Redfin agent Stephanie Collins says:

“Greenfield has a community pool, a playground, tennis courts, a fishing pond and many trails for people wanting the outdoor, active Colorado lifestyle. Located in the highly rated Cherry Creek School district, it’s a prime location – just five minutes away from the Southlands Mall District, with its retailers, movie theater and many restaurant options.”

8. Hollywood Park – Sacramento, California

Median sale price: $345,000

Median number of days on the market: 9

Average sale-to-list percentage: 100.2%

Redfin agent Matt Jones says:

“As people get priced out of other neighborhoods near city center, I’ve seen an increase in interest in Hollywood Park in particular. It’s one of the few neighborhoods that’s in really close proximity to downtown and yet still has some affordable homes available. A lot of the buyers I’ve worked with appreciate the unique older homes there and they are willing to sacrifice certain other amenities (like higher Walk Score ratings) in order to have charming homes with character that are still affordable and just a ten minute commute to some of the hippest areas in Sacramento.”

7. Colonial Village/Shepherd Park – Washington, DC

Median sale price: $772,500

Median number of days on the market: 36

Average sale-to-list percentage: 97.5%

Redfin agent Steven Centrella says:

“Colonial Village and Shepherd Park are two small, adjacent neighborhoods at the far northern tip of D.C. proper. Increasingly, people who bought condos in central D.C. neighborhoods are looking for more space as their families expand, especially now that equity has risen and their debts are lower. What appeals about both areas are the larger lot sizes, the predominance of single-family homes and the suburban feel – and yet you’re still in the city.”

6. Edgeworth – Malden, Massachusetts

Median sale price: $435,000

Median number of days on the market: 13

Average sale-to-list percentage: 104.6%

Redfin agent Steve Novak says:

“In Edgeworth, you’re within walking distance of both the Malden Center Orange line T-station and the Wellington Orange line T-station, which makes commuting downtown very do-able. And home prices, though elevated from what they were several years ago, are more affordable than Medford and the trendiest towns like Cambridge and Somerville.”

5. Eliot – Portland, Oregon

Median sale price: $494,000

Median number of days on the market: 12

Average sale-to-list percentage: 102.5%

Redfin agent Michael Morris says:

“As traffic intensifies in Portland, proximity to downtown and access to public transportation are increasingly important to many buyers. Not only does Eliot have a high Walk Score, with arguably some of the best restaurants in the city peppered throughout, but it’s also right across the river from downtown, has easy access to the MAX line and even has a bike lane running right through the center of the neighborhood (and an impressive Bike Score of 96).”

4. Somerset – Glendale, California

Median sale price: $460,000

Median number of days on the market: 44

Average sale-to-list percentage: 100.1%

Redfin agent Jennifer Wenzlaff says:

“A good selection of condos to choose from makes it more friendly to first-time buyers and yet it’s still close enough to enjoy Eagle Rock’s quaint downtown on Colorado Blvd. Plus, it has easy access to the 2 Freeway, which is a main artery leading to Downtown L.A. or a great connection the 134 and all of the jobs located in Burbank and the San Fernando Valley.”

3. Serra – Sunnyvale, California

Median sale price: $1,760,000

Median number of days on the market: 13

Average sale-to-list percentage: 106.8%

Redfin agent Kalena Masching says:

“Serra, also known by the name of the main drag that runs through the middle of the neighborhood, ‘The Dalles,’ is gaining more popularity lately as more homebuyers in the Silicon Valley continue to get pushed south of Palo Alto and Los Altos. The neighborhood itself is quiet, comprised of charming single-family homes, and the highly ranked schools are a draw for young families. Although not quite walkable, a quick Uber ride will get you into Downtown Sunnyvale, which has gone through a recent development boom.”

2. Woodridge – Bellevue, Washington

Median sale price: $720,000

Median number of days on the market: 7

Average sale-to-list percentage: 106.7%

Redfin agent Loren Ellingson says:

“Woodridge, which ranked as the eighth hottest neighborhood in the nation in 2015, now ranks second nationally because of its highly ranked schools and convenient location only minutes from downtown Bellevue. Strong price growth in the area over the past couple years hasn’t deterred buyers, and when homes come on the market they are met with multiple offers from well-qualified buyers.”

1. Bushrod – Oakland, California

Median sale price: $817,000

Median number of days on the market: 16

Average sale-to-list percentage: 115.7%

Redfin agent Tom Hendershot says:

“From Bushrod you can walk to some of the Bay Area’s best restaurants on College Avenue, such as À Côté and Millennium. It’s also walking distance to either the Ashby or Rockridge BART stations. There’s a joke in this part of town that it’s closer to San Francisco than San Francisco is – you can get to the financial district in under 20 minutes on most occasions.”

Rendering of University of Miami dormitory complex designed by Arquitectonica

The University of Miami is preparing to spend about $150 million to build an 1,100-bed dormitory complex next to a lake on the UM campus in Coral Gables.

The Coral Gables Development Review Committee met Friday to discuss the dormitory project, part of a master plan for the UM campus that the city approved in 2010.

The project, which could advance without a vote by the city commission, is pending approval by Coral Gables planning director. The dormitory complex also requires a favorable vote by the University of Miami board of trustees.

The complex, designed by Miami-based architecture firm Arquitectonica, would open by the fall of 2019. The 23-building dormitory complex would be built on about nine acres in the middle of the UM campus next to Lake Osceola.

It would be the first new dormitory on the University of Miami campus since an apartment development called University Village opened in 2006.

Miami-based Saglo Development bought its first shopping center in Palm Beach County for $10.2 million.

Saglo paid $61.82 per square foot to North Miami Beach-based real estate investment trust Equity One for Lantana Village Square, a 164,980-square-foot shopping center at Hypoluxo Road and U.S. 1. CBRE brokered the transaction and BB&T financed it.

National and regional retailers including Winn-Dixie, Subway, Metro PCS and H&R Block account for about 84 percent of the shopping center’s total income from tenant leases.

Saglo bought Lantana Square because of its exposure on U.S. 1 and a scarcity of similar properties in the area: The shopping center is one of only three significant ones between Boynton Beach Boulevard and Lake Worth Road.

Saglo also cited luxury residential developments near Lantana Square as a motive for acquiring the property.

Saglo Development owns more than 1.25 million square feet of retail shopping center space in Florida and seeks to acquire more shopping centers in markets across the nation. Saglo’s acquisition team is Hue Chen and Kristina Remington.